Industry Analysis & Industry Trends
The industry managed to stitch up the competition in the past five years, despite a short-lived recessionary slowdown. Disposable incomes are forecast to increase in the next five years, and the added benefit of a stronger overall economy and a falling unemployment rate will support greater revenue growth. However, the industry will continue to experience intense competition from alternative retailers such as department stores, mass merchandisers and online clothing stores... purchase to read more
Industry Report - Industry Key Buyers Chapter
The top two industry players account for an estimated 32.2% of industry revenue, indicating a low to moderate level of market share concentration. Over the past five years, IBISWorld expects the level of concentration rose modestly as larger players embarked on expansion plans and aggressively grew their retail networks.
However, industry competition is high and is expected to intensify over the next five years as more retailers enter the Canadian clothing retail market. International retailers began eyeing the Canadian market when the country bounced back from the recession, unlike many of the other developed countries... purchase to read more